October 24, 2019 / 8:04 AM / 24 days ago

Nagpur Soybean, Soyoil, Soymeal Open- October 24, 2019

Nagpur Soybean, Soyoil, Soymeal Open-October 24, 2018

Nagpur, Oct 24 (Reuters) – There was negligible change in the edible oil pattern of trading in
the Vidarbha region of Western Maharashtra today as prices hovered around last levels in absence
of any worthwhile moving factors. Restricted arrivals against sporadic demand mainly kept major
oil prices unaltered. No trader was in mood for any commitment because of fresh hike in
Malaysian palm oil, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Soyabean, Cottonseed, groundnut loose, groundnut refined, sunflower refined, linseed, 
    rapeseed, castor and coconut KP oil ruled steady here in sluggish trading activity.  
  * Traders expect nearly steady trend in major edible and non-edible oils here.   
    
   SOYMEAL
 * Soymeal prices today ruled steady here but demand was poor. Fresh hike in 
   international soymeal prices also affected sentiment.
                                         
   SOYABEAN
  * Soyabean prices firmed up again in Nagpur Agriculture Produce Marketing 
  Committee (APMC) on increased buying support from local crushing plants amid tight 
  supply from producing regions. Healthy rise on NCDEX, good recovery in Madhya Pradesh 
  soyabean prices and repeated enquiries from South-based traders also boosted prices
  here.  
    About 4,500 soyabean bags reported for auction in Nagpur APMC, according to 
    sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       (Auction price)    (Auction price)
    Market delivery    28,500-35,100       28,500-34,900         --
    (Available price)
    Market delivery    28,600-35,200       28,600-35,000          --
    (Traders price)
    Plant delivery     37,000-37,300       37,000-37,300          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 37,700, Washim – 37,300, Khamgaon – 37,200, Dhulia – 37,800, 
    Hingoli – 37,800, Jalna – 36,500, Nandurbar – 37,900, 
    Latur – 38,000, Nanded – 37,900, Solapur – 38,000, Sangli – 37,000.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,300-4,600
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             2,100-2,300
    Dhan                  n.a.            n.a.             1,900-2,150
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         763            763
    Soyoil solvent crushing plant delivery         723            723    
    Cottonseed refined                             780            780
    Cottonseed solvent                             740            740
    Groundnut oil – loose (10 kg)                  1,250          1,250
    Groundnut oil refined (15 Litre)               1,840          1,840
    Sunflower oil refined (10 kg)                  930            930
    Linseed oil (10 kg)                            850            850
    Rapeseed oil (for 15 kg)                       1,300          1,300
    Castor oil (for 15 kg)                         1,730          1,730
    Coconut KP oil (for 15 kg)                     3,060          3,060

    AMRAVATI
    Soyoil refined                                 765            765
    Soyoil Solvent                                 726            725
    Cottonseed refined                             805            805
    Cottonseed solvent                             765            765

    AKOLA
    Soyoil refined                                 765            765
    Soyoil Solvent                                 726            726        
    Cottonseed refined oil                         800          800 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 760            760
  
    KHAMGAON
    Soyoil refined 
                                                760            770
    JALNA
    Soyoil refined 
                                                   757            759
    NANDED
    Soyoil refined                                 745            750
   
    Soyoil refined prices at other places in Maharashtra : Latur - 745, 
    Khamgaon – 762, Washim – 760, Solapur – 745, Sangli – 762.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  34,700-35,200    34,700-35,200
      
    Soymeal prices at other places in Maharashtra : Akola – 35,500, 
    Washim – 33,300, Dhulia – 35,700, Hingoli – 35,800, Jalna – 35,000,
    Nandurbar – 35,200, Khamgaon – 32,000, Latur – 34,000, Nanded – 34,000,
    Solapur – 35,000, Dharwad – 35,000, Sangli – 34,300

WEATHER (NAGPUR)  
Maximum temp. 32.1 degree Celsius, minimum temp. 20.4 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 32 degree Celsius and 20 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

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